BTC update for June 02,.2023 – Key support cluster on the test
June 5, 2023 9:25 am
Technical analysis:
BTC/USD has been trading downside yesterday and I found the test of the key support cluster at the price of $26.800. There is potential for the reaction to the upside.
Due to the mid and long term upside trend and the test of the key support cluster on short-term, I see potential for the further upside movement towards upside reference.
Upside objective is set at the price of $27.400
RSI oscillator is showing oversold condition and potential for the rally
MACD oscillator is showing decreasing in the downside momentum.
Key support cluster is set $26.800-$26.600
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading downside
yesterday and I found the test of the key support cluster at the
price of $26.800. There is potential for the reaction to the upside.
Due
to the mid and long term upside trend and the test of the key support
cluster on short-term, I see potential for the further upside
movement towards upside reference.
Upside
objective is set at the price of $27.400
RSI
oscillator is showing oversold condition and potential for the rally
MACD
oscillator is showing decreasing in the downside momentum.
Key
support cluster is set $26.800-$26.600
The material has been provided by InstaForex Company – www.instaforex.com
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